Foxconn to build processing base in China

Contract electronics maker Foxconn plans to build a new processing base in northwest China's Gansu province, indicating the tech giant's further expansion on the inland market. Foxconn Technology Group, the main supplier to tech giant Apple, inked a cooperation deal with Gansu Radio and Television Network Co. Ltd. (GRTN) on Friday, agreeing to establish a joint electronics processing base in the provincial capital Lanzhou. Taiwan-based Foxconn has expanded rapidly since it was launched in 1988, with more than 30 industrial gardens currently in the country's south, north, southwest, northeast and central areas. (Source: IANS)